UK Issues Maritime Sanctions Compliance Tips
The U.K. Office of Financial Sanctions Implementation on April 2 released a blog post covering compliance with financial sanctions in the maritime sector. The agency listed six tips to stay compliant with the sanctions, including understanding your "counterparties" and conducting…
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
"thorough due diligence." OFSI also called for "robust compliance policies and procedures" and to invest in "technology and screening tools." Companies should also conduct "ongoing training and awareness programs," stay informed about new sanctions and create environments for "collaboration and information sharing."